{"id":18210,"date":"2023-02-22T13:18:59","date_gmt":"2023-02-22T13:18:59","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/02\/22\/the-sp-500-index-leads-the-gains-in-the-cryptocurrency-market\/"},"modified":"2023-02-22T13:18:59","modified_gmt":"2023-02-22T13:18:59","slug":"the-sp-500-index-leads-the-gains-in-the-cryptocurrency-market","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/02\/22\/the-sp-500-index-leads-the-gains-in-the-cryptocurrency-market\/","title":{"rendered":"The S&#038;P 500 index leads the gains in the cryptocurrency market"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677069347408-b995f6cd-152b-4a05-b3fd-bb92bfcb9d34-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677069347408-b995f6cd-152b-4a05-b3fd-bb92bfcb9d34-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677069347408-b995f6cd-152b-4a05-b3fd-bb92bfcb9d34-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677069347408-b995f6cd-152b-4a05-b3fd-bb92bfcb9d34-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1677069347408-b995f6cd-152b-4a05-b3fd-bb92bfcb9d34.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Without the US inventory market outperforming, the cryptocurrency market would have issue delivering a optimistic return in 2023<\/li>\n<li>S&amp;P 500 leads the cryptocurrency market<\/li>\n<li>Crypto buyers ought to watch US financial information carefully<\/li>\n<\/ul>\n<p>The cryptocurrency market had a powerful begin to the buying and selling 12 months. After affected by a bearish market in 2022, the rally that began in 2023 brings a lot aid to buyers in the cryptocurrency market.<\/p>\n<p>The enthusiasm is comprehensible.<\/p>\n<p>After all, Bitcoin, the main cryptocurrency, is up +45.93% YTD. However, earlier than getting too excited, long-term buyers nonetheless take a look at the 1-year losses of -35.62%.<\/p>\n<p>Therefore, as soon as once more, timing the markets is essential. Those going lengthy crypto at the begin of 2023 loved a formidable efficiency, whereas people who remained invested for one 12 months nonetheless get pleasure from the so-called \u201ccrypto winter.\u201d<\/p>\n<p>But why did the crypto market bounce? The reply lies in the chart under \u2013 due to the US inventory market rally.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/01\/22\/1677069347476-a6461013-3d72-4b23-bbbb-2eeac77a5d7b.jpg\" style=\"width: 1800px\" class=\"fr-fic fr-dib\" width=\"1800\" height=\"487\"\/><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/symbols\/CME_MINI-ES1!\/\" rel=\"noopener noreferrer\" target=\"_blank\">S&amp;P 500 chart by TradingView<\/a><\/p>\n<h2>S&amp;P 500 leads the cryptocurrency market<\/h2>\n<p>The chart above reveals the S&amp;P 500\u2019s efficiency since the high in late 2021. Since then, the most important US inventory market index misplaced -16.36%.<\/p>\n<p>Below are the three main cryptocurrencies \u2013 Bitcoin, Ethereum, and Ripple. While they peaked a bit earlier, they misplaced between -60% and -70% in worth from their 2021 highs to the 2022 lows.<\/p>\n<p>So the bounce in the cryptocurrency market could look as being in response to buyers turning their consideration to the trade once more, however as a substitute, it&#8217;s all about the US inventory market. The S&amp;P 500 rallied in 2023 too.<\/p>\n<p>However, the dimensions of the two actions are totally different due to the distinction between the S&amp;P 500 and the cryptocurrency\u2019s volatility.<\/p>\n<p>In different phrases, given the present context, it&#8217;s onerous to see the cryptocurrency market\u2019s rally proceed if the S&amp;P 500 index doesn&#8217;t carry out. Hence, crypto buyers ought to care about the US inventory market as a result of the S&amp;P 500 leads the gains or losses in the cryptocurrency market.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/should-crypto-investors-care-about-the-us-stock-market\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Without the US inventory market outperforming, the cryptocurrency market would have issue delivering a optimistic return in 2023 S&amp;P 500 leads the cryptocurrency market Crypto buyers ought to watch US financial information carefully The cryptocurrency market had a powerful begin to the buying and selling 12 months. After affected by a bearish market in 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